Christian Keszthelyi

Conferences

Energiaklub: Paks expansion not needed

According to climate-policy think-tank Energiaklub, Hungary's electricity network will be able to fulfill energy demands by 2030 even without the...

Analysis

Varga: Demján’s estimates baseless

Estimations made by Sándor Demján, head of business association VOSZ, suggesting that Sunday shop closures would cause a HUF 200-HUF...

Visits

Putin to meet Orbán on February 17

Russia’s President Vladimir Putin is paying a “working visit” to Hungary on February 17 to discuss bilateral political and economic...

Competition

Ministry expects low inflation in 2015

Should global oil prices remain low this year, the annual inflation in Hungary in 2015 could be lower than the...

History

PwC: CEO optimism declines, confidence grows

A preliminary reading of PwC's annual survey of Hungarian CEOs finds that "fewer CEOs than last year think global economic...

Tourism

Microsoft Magyarország sees new director

Judit Grósz was appointed marketing and operative director of Microsoft Magyarország as of February 1, and will replace Gyula Sarusi...

Telco

KSH: Gross wages up by 1.1% in November

The average gross wage in Hungary rose by a year-on-year 1.1% to a monthly HUF 251,283 in November, while net...

Food

Hungary to send FX law translations to Croatia

The Hungarian government is planning to send the English-language translations of the recently approved laws for phasing out FX loans...

EU

Orbán to meet EU leaders on Friday

Hungary’s Prime Minister Viktor Orbán is scheduled to meet for negotiations with European Commission President Jean-Claude Juncker, European Council President...

Sights

HUF 2.1 trillion in EU grants still available

Hungary has another HUF 2.1 trillion in EU funding available to be called down before closing the 2007-2013 budget cycle...

Banking

Demján: Sunday closure gap to be filled with taxes

At a press conference today to promote a referendum designed to overturn the Sunday closings law, Sándor Demján, one of...

Recycling

Daimler begins CLA Shooting Brake production in Hungary

German carmaker Daimler launched production of the CLA Shooting Brake model at its plant in Kecskemét, Hungary, Markus Schaefer, Daimler's...

History

U.S. ambassador arrives to Hungary

The U.S. Ambassador to Hungary, Colleen Bell, arrived in Budapest yesterday afternoon with her husband Bradley and their family. The...

Deals

Report: M&A market fails to live up to expectations

Despite high hopes for the mergers and acquisitions market, 2014 was a disappointing year, according to the “Emerging Europe: M&A...

Pharma

HIPA helps bring €1.66 bln to Hungary

With the help and involvement of the Hungarian Investment Promotion Agency (HIPA), 60 investments were launched with a total combined...

Analysis

Done Well, 4-day Week Could Boost Productivity, Employee Happiness

At face value, a four-day workweek looks tempting for the employee, but what about the employer? It could significantly benefit...

Manufacturing

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Analysis

Banks Enjoy Digital Advances, Serving Increasingly Tech-savvy Customers

If anything, the adage of technology disrupting every industry is amplified in banking. Beyond the usual suspects of AI and...

Analysis

Economic Strains Grow, but Banks Will Weather the Storm

Rising inflation, the escalating energy crisis, interest rate freezes, and extra taxes have increased the strain on banks operating in...

Automotive

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

Analysis

Chameleon Smart Home Solutions Developer Enters BSE Xtend

Innovative home solutions are rising in Hungary, even if the market lags internationally. Chameleon Smart Home Plc. recently floated its...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Analysis

SSCs Mature Into GBSs as They Provide Higher Added-value Functions

As shared services centers have graduated to business services centers and now, increasingly, to global business services centers, the industry’s...

Automotive

AutoWallis’s new Partnership, Acquisition Boosts 2023 Business Outlook

In less than 24 hours, the AutoWallis Group announced an acquisition (and hence entrance to anew market) and asustainable energy...

Telco

Consolidating Telcos Battle Challenges as Data Thirst Grows

The consolidating Hungarian telecommunications market is shaped by a handful of drivers mainly fuelled by technological advancement, changing customer behavior,...

Automotive

Speeding Automotive Sector Lifts Industrial Output but Future ‘Uncertain’

The automotive sector, Hungary’s leading manufacturing segment, has shown accelerated growth recently, boosting the headline industrial figure. While the improved...

Sustainability

Green Transition Comes with Challenges, Many Long-term Benefits

As Europe grapples with its energy crisis, more businesses in Hungary are thinking about making their operations greener and more...

Analysis

Challenges Await in Booming IT Integrators’ Market

The pandemic gave a much-needed push for businesses toward digital transformation, which has lifted the profile of IT integrators and...

Automotive

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Telco

Normalizing 5G Sentiment Opens way to Expanding Services

Even as the Hungarian market is getting used to fifth-generation technology on the residential side of the business, the corporate...

Done Well, 4-day Week Could Boost Productivity, Employee Happiness

At face value, a four-day workweek looks tempting for the employee, but what about the employer? It could significantly benefit...

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Banks Enjoy Digital Advances, Serving Increasingly Tech-savvy Customers

If anything, the adage of technology disrupting every industry is amplified in banking. Beyond the usual suspects of AI and...

Economic Strains Grow, but Banks Will Weather the Storm

Rising inflation, the escalating energy crisis, interest rate freezes, and extra taxes have increased the strain on banks operating in...

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

Chameleon Smart Home Solutions Developer Enters BSE Xtend

Innovative home solutions are rising in Hungary, even if the market lags internationally. Chameleon Smart Home Plc. recently floated its...

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

SSCs Mature Into GBSs as They Provide Higher Added-value Functions

As shared services centers have graduated to business services centers and now, increasingly, to global business services centers, the industry’s...

AutoWallis’s new Partnership, Acquisition Boosts 2023 Business Outlook

In less than 24 hours, the AutoWallis Group announced an acquisition (and hence entrance to anew market) and asustainable energy...

Consolidating Telcos Battle Challenges as Data Thirst Grows

The consolidating Hungarian telecommunications market is shaped by a handful of drivers mainly fuelled by technological advancement, changing customer behavior,...

Speeding Automotive Sector Lifts Industrial Output but Future ‘Uncertain’

The automotive sector, Hungary’s leading manufacturing segment, has shown accelerated growth recently, boosting the headline industrial figure. While the improved...

Green Transition Comes with Challenges, Many Long-term Benefits

As Europe grapples with its energy crisis, more businesses in Hungary are thinking about making their operations greener and more...

Challenges Await in Booming IT Integrators’ Market

The pandemic gave a much-needed push for businesses toward digital transformation, which has lifted the profile of IT integrators and...

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Normalizing 5G Sentiment Opens way to Expanding Services

Even as the Hungarian market is getting used to fifth-generation technology on the residential side of the business, the corporate...